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CSPAN
Dec 30, 2012 7:00am EST
to take simple steps. the deal they are talking about is identical to the deal president obama talked about the day after the election. the time in between has been wasted. guest: maybe they will be voting on a package academical -- the frustration is in your voice. i had a number of wall street clients. i can tell you from talking to them that there was a qualitative change in their tone and in their attitude about what was happening. host: you work as a financial communications and national director. that is with corvis communications. guest: thank you for mentioning that. clients of thought there was something going to happen. that has changed. my only question is, what took them so long? the signs have been there all year that a deal at the end of the year would be more difficult. host: while we're talking about what we do, explain what the concord coalition is. guest: we are nonpartisan coalition educating the public about this responsibility and our fiscal challenges. guest: if we go over the cliff, it is not the end of the discussion. it is important that people not lose hope o
FOX News
Dec 26, 2012 6:00am PST
no deal's reached, barack obama and democrats immediately propose to relower the tax rates to bush levels for all but the top 2%, and republicans find themselves opposing it on behalf of their millionaire friends will be the democratic charge. so that's kind of a nightmare scenario for democrats, and it's why you saw john boehner, speaker of the house, offer to raise taxes on americans who mange more than $1 million a year. patti ann: yeah. so the idea, though, behind this fiscal cliff is that it was supposed to have items in it that were unacceptable to both sides so that both sides would be motivated to not go over that cliff with the understanding that they might not be able to fix it all with legislation after the fact. so are there items in there that democrats would really not want to see enacted with the fear that maybe they couldn't get them rolled back? >> well, you're right, but it wasn't quite equal. the two big disasters of the fiscal cliff are, one, tax cuts, tax rates going up for everybody, and, two, all of these automatic spending cuts in place. but democrats feel confiden
FOX News
Dec 26, 2012 8:00am PST
it is not all that rare. kelly? kelly: jamie, thanks. right now president obama is cutting his vacation short to head back to washington and jump-start the fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key here, kelly, is the senate. we have been so focused on the house, speaker boehner, plan. about,
FOX News
Dec 31, 2012 6:00am PST
business network joins us now. stu, no deal on capitol hill, not really doing their job but we're hearing they get a pay raise. >> that incredible to some people, but nonetheless before this past weekend, president obama quietly signed a executive order that gives a small pay raise to two million federal workers and a small pay raise to all 535 members of congress. they will get an extra $900 each in the forthcoming year starting march 27th. but they get a pay raise. so the people who could not come to an agreement on cutting spending will in fact be spending more on themselves using money which we do not have. heather: speaking of all that spending we are expected to hit the debt ceiling in just hours. another blow to the economy. >> that means that we are about to run out of money and we can not borrow anymore. treasury secretary tim geithner says, well, we'll move some money around so we won't default on our obligations but nonetheless we are out of money. this means if a debt ceiling deal is not included any fiscal cliff deal, and it is not likely to be. gregg: then this debt mess con
Search Results 0 to 3 of about 4